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Preston
So have had a chance to play around with the system test. And have
thought of an improvement on your idea.
{ZLEMA(Zero Lag EMA1)}
EMA1:= Mov(CLOSE,opt1,E);
EMA2:= Mov(EMA1,opt1,E);
Difference:= EMA1 - EMA2;
ZeroLagEMA1:= EMA1 + Difference;
{ZLEMA(Zero Lag EMA2)}
EMA1:= Mov(CLOSE,opt2,E);
EMA2:= Mov(EMA1,opt2,E);
Difference:= EMA1 - EMA2;
ZeroLagEMA2:= EMA1 + Difference;
Cross(ZeroLagEMA1,ZeroLagEMA2)
All we have done is to create two separate ZLEMAs. One which would be
a short term MA and the second one which would be a long term MA. And
then to use the cross function to identify the buy when one crosses
the other.
Provisionally at the moment it looks to perform better than a normal
MA crossover system. A more detailed inspection neeeded.
So I was thinking to combine this kind of MA system with the addition
of another indicator by using the "AND" function. I was thinking of
using a volume based indicator that measures volume and price movement
i.e OBV or Price Volume Trend and maybe a momentum indicator like
Chaikin´s Volatality.
Preston, or anyone reading in, if you have advice about choice of
indicators to choose or how to combine the indicators together, I
would be most grateful.
Yours
PAUL
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Paul,
>
> Its a pleasure. We always have room for young talent to embrace what
> we can do with Metastock and to contribute to our future.
>
>
> Preston
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris"
> <paul_vicmar@> wrote:
> >
> > Preston
> >
> > Success. It seems to work OK. It´s late here in Spain so I´m going
> to
> > leave it to the morning. I´ll write back with some results and let
> you
> > know.
> >
> > If I haven´t said so already, very grateful for your patience.
> > Hopefully we can put up something like the Zero Lag MACD
> Exploration
> > and Expert so that others may benefit as well.
> > Yours
> >
> > PAUL
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@> wrote:
> > >
> > > Paul,
> > >
> > > Try this:
> > >
> > > {ZLEMA(Zero Lag EMA)}
> > > EMA1:= Mov(CLOSE,opt1,E);
> > > EMA2:= Mov(EMA1,opt2,E);
> > > Difference:= EMA1 - EMA2;
> > > ZeroLagEMA:= EMA1 + Difference;
> > > Cross(ZeroLagEMA,Mov(ZeroLagEMA,opt3,E))
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris"
> > > <paul_vicmar@> wrote:
> > > >
> > > > Preston
> > > >
> > > > So the exact formula for the ZLEMA(Zero Lag EMA) is as we have
> used
> > > > before.
> > > >
> > > > Period:= Input("What Period",1,250,10);
> > > > EMA1:= Mov(CLOSE,Period,E);
> > > > EMA2:= Mov(EMA1,Period,E);
> > > > Difference:= EMA1 - EMA2;
> > > > ZeroLagEMA:= EMA1 + Difference;
> > > > ZeroLagEMA
> > > >
> > > > PAUL
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@>
> wrote:
> > > > >
> > > > > Paul,
> > > > >
> > > > > Post your exact formulas for me.
> > > > >
> > > > > Preston
> > > > >
> > > > >
> > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris"
> > > > > <paul_vicmar@> wrote:
> > > > > >
> > > > > > Preston
> > > > > >
> > > > > > OK had a look and couple of points arise.
> > > > > > (ZLEMA=Zero Lag EMA)
> > > > > > The Indicator builder does not allow me to change the
> period
> > > > funtion
> > > > > > in the ZLEMA formula to, in our example, "opt1".
> > > > > >
> > > > > > The other thing:
> > > > > > "Cross(ZeroLagEMA,Mov(ZeroLagEMA,opt2,E))"
> > > > > >
> > > > > > Whilst the first ZLEMA would be optimised, the second
> ZLEMA
> > > would
> > > > be
> > > > > > an optimsed EMA of the ZLEMA.
> > > > > > Would it not be possible to create two ZLEMA formulas,
> ZLEMA1
> > > > (short)
> > > > > > and ZLEMA2(long). I am sure that it is possible, the trick
> is
> > > how
> > > > to
> > > > > > optimise them.
> > > > > >
> > > > > > Gracias
> > > > > > PAUL
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@>
> > > wrote:
> > > > > > >
> > > > > > > Paul,
> > > > > > >
> > > > > > > Sure. Look at Equis - CCI +100/-100 Crossover tester and
> > > check
> > > > > those
> > > > > > > buy and sell tabs.
> > > > > > >
> > > > > > > In the original formula you would cange the input value
> to
> > > and
> > > > > opt#
> > > > > > > value like this:
> > > > > > >
> > > > > > > Period:= opt1;
> > > > > > > EMA1:= Mov(CLOSE,Period,E);
> > > > > > > EMA2:= Mov(EMA1,Period,E);
> > > > > > > Difference:= EMA1 - EMA2;
> > > > > > > ZeroLagEMA:= EMA1 + Difference;
> > > > > > > ZeroLagEMA
> > > > > > >
> > > > > > > Then the Buy Order is:
> > > > > > >
> > > > > > > Period:= opt1;
> > > > > > > EMA1:= Mov(CLOSE,Period,E);
> > > > > > > EMA2:= Mov(EMA1,Period,E);
> > > > > > > Difference:= EMA1 - EMA2;
> > > > > > > ZeroLagEMA:= EMA1 + Difference;
> > > > > > > ZeroLagEMA
> > > > > > > Cross(ZeroLagEMA,Mov(ZeroLagEMA,opt2,E))
> > > > > > >
> > > > > > > Make it easy on yourself and run this with a non
> optimized
> > > sell
> > > > > then
> > > > > > > optimize the sell side.
> > > > > > >
> > > > > > > Preston
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris"
> > > > > > > <paul_vicmar@> wrote:
> > > > > > > >
> > > > > > > > Preston
> > > > > > > >
> > > > > > > > Thanxs for the walkthrough. I understand the logic of
> what
> > > > you
> > > > > have
> > > > > > > > done but I would prefer to optimise on the original
> formula
> > > > of
> > > > > Zero
> > > > > > > > Lag EMA instead of a moving average of Zero Lag EMA.
> > > > > > > > The original formula that we have been using is the
> > > > following :
> > > > > > > >
> > > > > > > > Period:= Input("What Period",1,250,10);
> > > > > > > > EMA1:= Mov(CLOSE,Period,E);
> > > > > > > > EMA2:= Mov(EMA1,Period,E);
> > > > > > > > Difference:= EMA1 - EMA2;
> > > > > > > > ZeroLagEMA:= EMA1 + Difference;
> > > > > > > > ZeroLagEMA
> > > > > > > >
> > > > > > > > I understand that the "mov" function will allow you to
> only
> > > > use
> > > > > the
> > > > > > > > moving averages listed in Metastock i.e EXP, SIM, WEI,
> etc
> > > > and
> > > > > not
> > > > > > > in
> > > > > > > > this case our Zero Lag EMA so would it be possible to
> use
> > > > > > > the "cross"
> > > > > > > > function. So that the logic would be:
> > > > > > > > Buy when the optimised Zero Lag EMA(shorter)crosses
> over
> > > the
> > > > > > > optimised
> > > > > > > > Zero Lag EMA(longer). And conversely sell when the
> longer
> > > > > crosses
> > > > > > > the
> > > > > > > > shorter.
> > > > > > > >
> > > > > > > > Yours
> > > > > > > > PAUL
> > > > > > > >
> > > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh
> <no_reply@>
> > > > > wrote:
> > > > > > > > >
> > > > > > > > > Paul,
> > > > > > > > >
> > > > > > > > > Let's see if we can provide some recap information
> for
> > > > anyone
> > > > > > > else
> > > > > > > > > wishing to take part in this. The indicators were
> listed
> > > by
> > > > > you
> > > > > > > in
> > > > > > > > > message 24953.
> > > > > > > > >
> > > > > > > > > As I remember we had several indicators from which
> to
> > > take
> > > > > > > signals. We
> > > > > > > > > had a MACD that we made using the ZeroLag EMA and we
> also
> > > > > took
> > > > > > > the
> > > > > > > > > ZeroLag MACD and normalized it.
> > > > > > > > >
> > > > > > > > > Now we want to do an exploration and optimize some
> values
> > > > to
> > > > > see
> > > > > > > what
> > > > > > > > > performs best.
> > > > > > > > >
> > > > > > > > > This was always a lot of fun but also consumed large
> > > > amounts
> > > > > of
> > > > > > > time.
> > > > > > > > > Even so you have to walk through it just to see how
> it
> > > > works.
> > > > > > > > > Optimization is not widely favored, so just realize
> that
> > > > > there
> > > > > > > are a
> > > > > > > > > lot of critics out there. There are no hardened
> rules to
> > > > > > > optimizing as
> > > > > > > > > any value is fair game but just realize that it is
> far
> > > > better
> > > > > to
> > > > > > > run
> > > > > > > > > your test on a smaller number of values and if you
> have
> > > to
> > > > > run
> > > > > > > your
> > > > > > > > > test several times thats quite alright.
> > > > > > > > >
> > > > > > > > > You have chosen the ZeroLag EMA and a moving average
> > > > > crossover.
> > > > > > > Easy
> > > > > > > > > enough. First go into the system tester and first
> thing
> > > you
> > > > > > > notice is
> > > > > > > > > that there already are some test included. Let's
> take a
> > > > look
> > > > > at
> > > > > > > the
> > > > > > > > > Equis-moving average crossover...open it. Open the
> Buy
> > > > Order
> > > > > > > tag. What
> > > > > > > > > you will see is:
> > > > > > > > >
> > > > > > > > > Mov(C,opt1,E) > Mov(C,opt2,E)
> > > > > > > > >
> > > > > > > > > Next click on the Optimizations tag and look at the
> > > values
> > > > > > > assigned
> > > > > > > > > for opt1 and opt2.
> > > > > > > > >
> > > > > > > > > In order to use the Zero Lag EMA all you will need
> to do
> > > is
> > > > > > > replace
> > > > > > > > > the Close or C with an assigned variable for the fml
> > > ("Zero
> > > > > Lag
> > > > > > > EMA").
> > > > > > > > > Like this:
> > > > > > > > >
> > > > > > > > > A:= fml("Zero Lag EMA");
> > > > > > > > >
> > > > > > > > > Now just reference it in your system test. Like this:
> > > > > > > > >
> > > > > > > > > A:= fml("Zero Lag EMA");
> > > > > > > > > A > Mov(A,opt1,E)
> > > > > > > > >
> > > > > > > > > This will leave the original formula intact and you
> will
> > > be
> > > > > > > optimizing
> > > > > > > > > on the moving average of it. If you want to optimize
> the
> > > > > > > original
> > > > > > > > > formula you must include it in your test formula
> instead
> > > of
> > > > > just
> > > > > > > the
> > > > > > > > > fml call variable. Notice in the example above that
> all
> > > we
> > > > > did
> > > > > > > was
> > > > > > > > > place an opt# where a numeric value would normally
> go.
> > > > > > > > >
> > > > > > > > > I would be careful about over-optimizing though. The
> > > > results
> > > > > are
> > > > > > > > > really going to be the result of how well the
> formula
> > > > > performs
> > > > > > > on a
> > > > > > > > > particular stock or group of stocks during a
> particular
> > > > > period
> > > > > > > of time
> > > > > > > > > and may not be an indication of how well future
> > > performance
> > > > > can
> > > > > > > be
> > > > > > > > > determined. Best to try the test on stocks of
> varying
> > > > > > > performance and
> > > > > > > > > use those as a benchmark. This is really where most
> > > > criticism
> > > > > > > comes
> > > > > > > > > from.
> > > > > > > > >
> > > > > > > > > That should get you going, Let us know how it goes.
> > > > > > > > >
> > > > > > > > >
> > > > > > > > > Preston
> > > > > > > > >
> > > > > > > > >
> > > > > > > > >
> > > > > > > > >
> > > > > > > > >
> > > > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris"
> > > > > > > <paul_vicmar@>
> > > > > > > > > wrote:
> > > > > > > > > >
> > > > > > > > > > Some weeks ago Preston and I worked on an
> exploration
> > > and
> > > > > > > expert
> > > > > > > > > > advisor for a Zero Lag MACD.
> > > > > > > > > > So I was looking at using a Zero Lag EMA in a
> system
> > > > test,
> > > > > > > similar to
> > > > > > > > > > a MA crossover. My only problem is that I want to
> use
> > > the
> > > > > > > optimiser
> > > > > > > > > to
> > > > > > > > > > find the best time periods for Zero Lag EMA and I
> don´t
> > > > > know
> > > > > > > how to
> > > > > > > > > do it.
> > > > > > > > > > I know I have to indentify the Zero Lag EMA as fml
> > > ("Zero
> > > > > Lag
> > > > > > > EMA")but
> > > > > > > > > > then how can I introduce the opt1 function?
> > > > > > > > > > Some help would be greatly appreciated.
> > > > > > > > > > Thanxs
> > > > > > > > > > PAUL
> > > > > > > > > >
> > > > > > > > >
> > > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>
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